France lost to China.

India and Pakistan engaged in the most intense fighting in decades with four days of escalating conflict that included fighter jets, missile and drones packed with explosives. It ended almost as abruptly as it began." "Pakistan military confirmed...that it reached out, but said it contacted intermediaries regarding a ceasefire with India." CNN. US President Donald Trump, during a visit to Qatar, said, "I don't wanna say I did but sure as hell helped settle the problem between Pakistan and India last week." "And we talked to them about trade. Let's do trade instead of war." Almost immediately, "Pakistan has obtained the second instalment of special drawing rights amounting to 760 million ($1,023 million) from the International Monetary Fund (IMF)." TOI. Though, "In a strongly worded statement India raised concerns over the decision," it did not matter because "the US has the biggest voting share - at 16.49% - while India holds just 2.6%." BBC. Pakistan could not refuse Trump's offer. "A new proposal by House Republicans" "introduced on May 12, 2025, includes a controversial provision imposing a 5% tax on international money transfers made by non-citizens." FE. That is scary news because, "India's trade deficit widened to five-month high of $26.42 billion in April," as "Imports surged by 19.12% to $64.91 billion," while merchandise exports increased by 9% to $38.49 billion. Combined merchandise and services exports jumped 12.70% to $73.80 billion in April while imports surged 15.72% to $82.45 billion. DH. Persistent trade deficits mean that we can ill afford a fall in remittances from the US, so Trump's mellifluous words could have been persuasive. Former Chief Minister of Jammu and Kashmir Mehbooba Mufti said, "While fanatic mobs in India are vandalizing shops, bulldozing mosques and digging up graves to punish the long dead Mughal emperor Aurangzeb - across the border his namesake Air Vice Marshall Aurangzeb Ahmed is training his forces for modern air warfare." And hence, she requested that Prime Minister Narendra Modi should not be criticized for pursuing peace. ET. Heartfelt support for Mr Modi or tongue in cheek (dictionary)? So why did we stop? "In the India-Pakistan context, war can change the status quo, but may not resolve the political issue: J&K. Capturing large parts of Pakistani territory during a war as leverage for post-conflict bargaining may also not change Pakistan's mindset." ET. Was this then a colossal waste of money? Each Brahmos missile costs $4.75 million (DNA) and each Rafale jet costs $288 million (Bulgarian Military). "But satellite imagery indicates that while the attacks were widespread, the damage was far more contained than claimed - and appeared mostly inflicted by India on Pakistani facilities." "The heaviest blow to India appears to be the loss of aircraft. While the Indian government has not said how many, officials and diplomats say that at least two aircraft were lost, and most likely more." NYT. Shares of Dassault Aviation, manufacturer of Rafale, fell 7% in European markets while the shares of Chengdu Aircraft Corporation, makers of J10, surged 20%. HT. Ceasefire between India and Pakistan. But, France lost, China won.